Exxon Mobil Corporation (NYSE:XOM) Shares Sold by Baader Bank Aktiengesellschaft

Key Points

• Baader Bank Aktiengesellschaft reduced its stake in Exxon Mobil Corporation by 41.4%, selling 13,648 shares and retaining 19,318 shares valued at approximately $2.21 million.
• Exxon Mobil reported $1.76 EPS for the last quarter, exceeding estimates, while revenue was slightly below expectations at $83.13 billion.
• The company recently declared a quarterly dividend of $0.99 per share, yielding 3.51%, with a payout ratio of 52.52%.

Baader Bank Aktiengesellschaft lessened its position in Exxon Mobil Corporation (NYSE:XOM - Free Report) by 41.4% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 19,318 shares of the oil and gas company's stock after selling 13,648 shares during the quarter. Baader Bank Aktiengesellschaft's holdings in Exxon Mobil were worth $2,211,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. 10Elms LLP acquired a new stake in shares of Exxon Mobil in the fourth quarter valued at $25,000. Graybill Wealth Management LTD. acquired a new stake in shares of Exxon Mobil in the first quarter valued at $29,000. Capital A Wealth Management LLC acquired a new stake in shares of Exxon Mobil in the fourth quarter valued at $32,000. Cloud Capital Management LLC purchased a new position in Exxon Mobil in the first quarter valued at $45,000. Finally, Clarity Asset Management Inc. boosted its holdings in Exxon Mobil by 29.7% in the fourth quarter. Clarity Asset Management Inc. now owns 437 shares of the oil and gas company's stock valued at $47,000 after purchasing an additional 100 shares during the period. Hedge funds and other institutional investors own 61.80% of the company's stock.

Exxon Mobil Stock Performance

XOM traded down $2.03 on Friday, hitting $109.61. 19,647,904 shares of the company traded hands, compared to its average volume of 13,955,870. The company has a 50 day moving average of $109.35 and a 200-day moving average of $109.15. The company has a quick ratio of 0.90, a current ratio of 1.24 and a debt-to-equity ratio of 0.12. The stock has a market capitalization of $472.38 billion, a PE ratio of 14.54, a PEG ratio of 2.10 and a beta of 0.53. Exxon Mobil Corporation has a 12-month low of $97.80 and a 12-month high of $126.34.

Exxon Mobil (NYSE:XOM - Get Free Report) last posted its quarterly earnings data on Friday, August 1st. The oil and gas company reported $1.64 EPS for the quarter, beating the consensus estimate of $1.47 by $0.17. Exxon Mobil had a return on equity of 12.06% and a net margin of 9.49%. The firm had revenue of $81.51 billion during the quarter, compared to the consensus estimate of $79.07 billion. During the same period in the prior year, the business earned $2.14 EPS. The firm's revenue was down 12.4% compared to the same quarter last year. Sell-side analysts anticipate that Exxon Mobil Corporation will post 7.43 earnings per share for the current year.

Exxon Mobil Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 10th. Shareholders of record on Friday, August 15th will be given a dividend of $0.99 per share. This represents a $3.96 annualized dividend and a yield of 3.6%. Exxon Mobil's payout ratio is 52.52%.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the company. Wells Fargo & Company set a $127.00 target price on Exxon Mobil and gave the company an "overweight" rating in a report on Thursday, June 26th. Piper Sandler lifted their target price on Exxon Mobil from $131.00 to $134.00 and gave the company an "overweight" rating in a report on Tuesday, July 8th. Barclays reiterated a "hold" rating on shares of Exxon Mobil in a report on Thursday, May 22nd. TD Cowen lifted their target price on Exxon Mobil from $120.00 to $128.00 and gave the company a "buy" rating in a report on Monday, June 23rd. Finally, UBS Group decreased their price target on Exxon Mobil from $135.00 to $131.00 and set a "buy" rating for the company in a report on Monday, April 14th. One analyst has rated the stock with a sell rating, ten have assigned a hold rating, eight have given a buy rating and two have assigned a strong buy rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $125.42.

Exxon Mobil Company Profile

Exxon Mobil Corporation engages in the exploration and production of crude oil and natural gas in the United States and internationally. It operates through Upstream, Energy Products, Chemical Products, and Specialty Products segments. The Upstream segment explores for and produces crude oil and natural gas.